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Biotech / Medical : Ligand Pharmaceuticals (LGND)

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To: Henry Niman who wrote (7)5/10/1996 8:08:00 AM
From: Howard Frederick   of 16
 
Henry, I got the emails you just sent. The last one prior to these was
Biotech Daily Digesst #3A. I am missing everything between that and
BDD #10. If you have a chance to send them, thanks. If not, thanks
anyway for including me on the list and sending the ones you were able to.

I try to be a value investor so the approach is to evaluate the
company as a whole before considering a buy on the stock. I haven't
bought into Ligand yet, nor any other biotech. My background is
financial/technical so I've stayed with companies I can understand
better from a business perspective. One of the things I hope to get
from this board and your discussion group is assurance on the science
behind some of these biotechs. (Every time I read up on a biotech I
get wildly excited about it, then read about another one and get
wildly excited about it. So I haven't invested in any yet.)

I will be sending away for an investors packet on Ligand today (because
of some of the information you have posted).
Meanwhile, do you have Ligand's market cap and also which drugs are in
Phase 3 Clinicals or beyond. Since I hold for a long time when buying,
I am trying to get a business justification for buying into the company
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